Published on 2 May 2024 on Insider Monkey via Yahoo Finance
The London Company, an investment management company, released “The London Company Large Cap Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. During 1Q, U.S. stocks made significant gains due to steady economic growth, decreasing inflation, and a slightly weaker labor market, increasing the likelihood of a soft landing. The fund gained 8.3% (8.2%, net) during the quarter compared to a 10.3% rise in the Russell 1000 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.
The London Company Large Cap Strategy featured stocks like Starbucks Corporation (NASDAQ:SBUX) in the first quarter 2024 investor letter. Headquartered in Seattle, Washington, Starbucks Corporation (NASDAQ:SBUX) roasts, markets, and sells specialty coffee. On May 2, 2024, Starbucks Corporation (NASDAQ:SBUX) stock closed at $74.93 per share. One-month return of Starbucks Corporation (NASDAQ:SBUX) was -13.72%, and its shares lost 30.11% of their value over the last 52 weeks. Starbucks Corporation (NASDAQ:SBUX) has a market capitalization of $84.873 billion.